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economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
google, how are we going to create the next big thing -- but make sure that production is here. so it's great that we have an apple that's creating ipods, ipads and designing them and creating the software, but it would be nice if we're also making the ipads and the ipods here in the united states, because that's some more jobs that people can work at. and there are going to be a series of decisions that we've got to make. number one, are we investing in research and development in order to emphasize technology? and a lot of that has to come from government. that's how the internet got formed. that's how gps got formed. companies on their own can't always finance the basic research because they can't be assured that they're going to get a return on it. number two, we've got to drastically improve how we train our workforce and our kids around math and science and technology. number three, we've got to have a top-notch infrastructure to support advanced manufacturing, and we've got to look at sectors where we know this is going to be the future. something like clean energy, for exa
how well you understand these things as an attorney and as a correspondent. that's a big level. he we are a case that fascinated a lot of people, including me. what did you think? can eve you even ayou is stunned? i. have to say i was surprised. because how quickly the jurors came back with this verdict and the fact it was a wholesale rejection of the prosecution's case. i mean, the jurors had an array of charges to consider. everything from the top charge of first-degree death penalty eligible murder all wait down to just a straight charge of child abuse, and even though anyone watching this case could see the problems of proof the prosecutors were dealt. the fact we don't know when caylee died, or exactly how caylee died although prosecutors had theories that were consistent with the evidence, but the evidence wasn't positive of those theories. at the end of the day, i thought the jurors might get back there in the jury room and say you know what? given her behavior, not reporting the child missing for 31 day, that search of death emanating out of the trunk of the car, multiple witn
is it shows that the united states system is not set up to do big things. when a crisis like this comes up they cannot do a deal that would show stability to the world. >> ronald reagan and tip o'neal made big deals. in the 1990s, bill clinton and the republican congress made big deals. and mika, it's not over yet, but it has gotten to the point already that this is damaging the reputation of the united states the longer it goes, and i think we're talking about it damaging our reputation more every day that the crisis goes on. >> i think both sides would agree with that. after a weekend of meetings resulting in yet another impasse, president obama is canceling two fundraisers today to continue negotiations. senate majority leader harry reid said the talks broke down last night because of the republicans insistence on a short-term deal, and their plan would cut $2.7 trillion over the next ten years. officials say it raises the debt ceiling but no tax increases. and he salaid out his latest solution. >> there will be a two-stage possible. it's not physically possible to do this in one step.
out the president has a big birthday bash scheduled for august 3rd, celebrities flying in from all over. and lo and behold, august 2nd is the deadline for getting something done so that he can have this massive -- maybe the biggest fundraising dinner in history for a birthday celebration. >> and here's iowa congressman steve king. >> it's not default. they've been calling it default to try to stampede people into taking a bad deal here in this congress. the american people understand this. they understand at least intuitively that it would be the president who would willfully default if there's to be a default. i'd like to think the investor markets understand that, too. >> keeping them honest, there's little reason to think that's true. and plenty of people in the gop establishment and the business community sending up warning flairs. officials at the bond rating company standard & poors today briefing freshman republicans about what might happen. political reporting tonight they were cautioned that one possibility is "a death spiral in the bond market". s & p is already on record
sure the motion gets scored and that could be a big pickup in this whole process. that allows things to die. >> that will give them three days to hate it. >> you don't want to deal hanging out there so long because hit a pi like anata. you don't want rank-and-file members to feel like it was crammed down their throats striking that balance on the timing will be critical. >> the deadline to get some the to the floor is what to t? the house republicans announced they canceled one of their work. in their district. >> economists have told me that you will start to seek markets get a little spooked. by the end of next week or early the following week. that is something that will make it from both sides want to avoid. >> does that put more pressure on them? >> absolutely. >> in the week after, they will need a couple of days to debate it in the house and the senate could do it within hours if they have an agreement. if no one tries to filibuster, it will be fairly quick. they should probably start the debate by this week. >> thank you for being part of our program. [captioning performed by
. if you are going to rule out medicare now and say yeah, we are going to make big cuts but rule out medicare. that means democrats are focusing on 10%, discretionary spending that is our investments, r & d, education, infrastructure. the things we need to double and triple down on. the things we can afford to do in trying to catch up with china if we take care of the long-term structural debt on taxes, on health care and these other issues. >> yeah, we talked about the fact our health care system is at least 50% more expensive procedure by procedure than any other place in the world. we have this grip on a lot of the health care sector. we need health care reform. this is obvious. but it's been obvious for years. they don't do it on either side. >> coming up, connecticut governor dannel mall low. >> he's going to yell at you. >> i think he's in for a fight, yeah. yeah. >> mika is mad. she's not putting up with it anymore. >> this is incredible. sexual assault allegations against strauss-kahn. why it's on the verge of collapse. >> he was in yonkers at the time. come on. >>> first, he
to meet with the president if he is really willing to do something big for the country. >> all right. again, it's ask obama. that's the hash tag you are supposed to use. these tweets, thousands and thousands of them are pouring in. it gets going in an hour. these are all you are seeing in real time behind me right now. again, the president responding to your questions, and one coming in on twitter at his twitter town hall at the top of the next hour. >>> this hour's sound affect is the first victory of the 2018 winter olympics. the decision on where to hold them. >> the international olympic committee has the honor of announcing that the winter olympic games in 2018 are awarded to the city of -- pyengchang. >> well, after losing the 2010 games and the 2014 games to russia, and they pulled ahead to play post to the 2018 games. south korea never hosted a winter olympics. and seoul had the games in '88. >>> other stories we're keeping a close eye on. a facebook event that is expected at any moment and expected to be awesome. room nuumors have been swirlinge internet, to a video chat ser
rates go up. credit cards, mortgage rates, auto loan rates. you mentioned august 3rd, that big social security payment? according to many republicans, unless we default on an actual debt we don't have to get our debt downgraded. according to s & p and ben bernanke, if you default on any payment you're supposed to make, even if it's not to a bond holder you could face that. >> republicans who say, look, i don't buy it's this big catastrophe waiting to hit after august 2nd. >> reporter: they absolutely could be right. but anderson, you and i were together on september 15, 2008 after they decided a lot of smart people decided to let lehman brothers fail thinking it's not that big of a deal. i don't know which way it's going to go. i don't know if we should be playing with fire like this. >> john, what do you make of jessica's reporting that she's hearing mitch mcconnell is wanting president obama to be at the table in any negotiations? >> as a couple of political reasons for that in the sense that then you can't cut a deal then the white house will say we're going to try this. to move th
on cutting a big deal to take us through five to ten years, not just five or ten weeks. the problem, it seems to me, yesterday was a good example of it. you have questions tweeted to the president of the united states, questions delivered from the real world about housing problems, about i'm losing my house, my mortgage, what are we going to do. not policy questions from washington media members. the problem is that the president is dealing with a number of people who don't live in the real world. for example, eric cantor. no matter how many times he's been on and how many times we talk about rescinding the bush tax cuts, he calls it a tax increase. go to the grocery store and milk is on sale for $3.25. the next week it goes up to $3.75. it's not a hike in price, it's reverting back to the original price. they don't live in the real world. they just don't. >> he'll be on this morning so you can ask him again. >> we will ask him again. >> i would like to ask him what it is they offered yesterday that was different. the president talked about boehner's question being skewed. i put the question
out as quickly as we expected, and so that's continued to be a big drag on the economy. we've had to revamp our housing programs several times to try to help people stay in their homes and try to start lifting home values up, but of all the things we've done, that's probably been the area that's been most stubborn to us trying to solve the problem. >> mr. president, 27% of our questions are in the jobs category, as can you see from the screen over here. how next question has to do about jobs and technology. it comes from david. tech and knowledge industries are thriving, yet jobs discussion always centers on manufacturing. why not be realistic about jobs? >> it's not an either/or question. it's a both/and question. we have to be successful at the cutting edge industries of the future like twitter. but we also have always been a country that makes stuff, and manufacturing jobs end up having both higher wages typically, and they also have bigger multiplier effects, so one manufacturing job can support a range of other jobs, suppliers and restaurants near the plant and so forth so th
in a very big and vital state of new york. >> most importantly, one, the white house says it's not true and secondly, biden himself, he's been the target of getting off a ticket since january of 2009. when hillary clinton was going to take it over and that would be the smart thing to do politically. as much as people might have strong feelings about vice president biden, i think that for president obama, he's been a good vice president. he marches his soldiers on. he does the bidding. and he -- i think there's no reason for it to change but also this, while i respect the reporter and i'm sure he's got good sources, i just don't see what changing courses mid stream and getting the governor from new york gets you >> you can tell how much the white house doesn't want to talk about something when they dump it out on a friday. according to the economic council of advisors, they've come out with their seventh quarterly report and what they said is the stimulus, remember, it was going to save us from big -- >> save or create three million jobs. >> it was going to do that. it didn't do that. o
social security, you don't get a penny of it. every penny of that goes into the big pot and it's distributed to everyone else. anybody who dies to young, all of their money has been wasted. it is just going into the government pot. the second thing you have to know, is if you save up to much, when you start receiving it, you get taxed on it again. if you get taxed on social security when you are your money what you are working and then after you start receiving it, if you save up to much because you were worried about it, you get taxed on it again. it gets added to whatever income you have from your savings. host: do you think private savings accounts, that your social security should be yours when you pay in, you should be booked to get or keep or transfer? caller: i certainly do. that is why i voted for president bush to the second time around. i did not agree with him for very much but i agree with him on that point. people should have their names on their accounts and what ever they put into it should belong to them. so even if they die when their 50, that money goes to the
, but it means, mr. president, that we can't be raising taxes on the job creators, and there is a big debate right now about how do we get ourselves out of this fiscal mess. i would submit to my colleagues that the real issue here is spending. if you go back to the foundation of our country, the year 1800, we were only spending 2% of our entire economic output on the government, the federal government. this year we're going to spend 24% to 25%. the historical average over the past 40 years is about 20.6%. we are dramatically higher in terms of what we are spending on our federal government as a percentage of our entire economy. to me, clearly, we don't have a revenue issue here in washington. we have a spending issue. which would suggest that we ought to get after spending, after federal spending, particularly spending that is -- is duplicative, redundant, there are so many things in the federal government that we spend money on that we need to get that waste and that -- and all those types of wasteful spending out of our spending here in washington, d.c., but we also have to focus on those
company called two men with big hearts moving and storage. but he fell behind in his bills to this company. this storage company because of medical bills that had piled up for him. >> so he just passed away and the family is trying to figure out what they're going to do at the funeral and what they would like to do is get a hold of some of his military stuff, including his two purple hearts but the problem is that particular company is owed by the family $600. the family went over and talked to them and they knocked it down to $500. but nonetheless, they would like to have the stuff for the funeral next tuesday but they got to come up with $500. here's the son of the veteran. >> he was a very patriotic person. >> dad wanted to go out in a blaze of glory. that was on the back of the fire truck. something we want to give for dad. that was one of his last requests. >> he had it for five years. it would be thousands of dollars. don kennedy owns the company so he's not going to release the stuff as of right now unless they pay the $500 which is just -- they just want to get the -- they want t
in the big picture. when you start going to one extreme or the other, you're not going to get anything done. everybody's egos are going to get hurt constantly. so, you know, there are so many different ways that they look at things. for instance, holistically, people that have been paying into social security have basically been paying with ious and stuff like that for a very long time. they are saying everybody has to be on the table. we have been on the table for the longest of time, giving i'll use. they actually said, ok. it is like looking at soldiers in iraq and saying, well, you have to put yourself on the table. that is the way to look at some of these things. i think that, if we get more congressmen -- it is difficult when they are being paid by big business and stuff. they say extreme things so that they know big brother is noticing that they are putting their plugs in for them. winning campaign financing to keep the map the point -- we need campaign financing to keep them at the point where they can look at things holistically. host: thank you for weighing in. we will talk about
Search Results 0 to 21 of about 22 (some duplicates have been removed)